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With Amazon readying for Australian retail operations, e-commerce certainly shows no signs of slowing down. In fact, e-Marketer estimates that worldwide retail ecommerce sales will increase from $2.290 trillion in 2017 to $4.479 trillion by the end of 2021; meaning that retail businesses of all sizes should be preparing and gearing up for survival.
For any business there is a fine balance between survival and success in the first 5 years of existence. The cost of holding, storing and managing inventory is difficult to overlook or ignore especially if some of the inventory doesn’t perform as well as anticipated. Write-downs, write-offs, non-liquid capital, storage costs and Inventory services costs can and will be an issue for any business at some point.
How to safe-proof your inventory management. Managing stock is fraught with challenges in today's retail landscape. While surplus stock ties up capital and can keep you from re-investing in your business, waiting times on products will deter the modern customer who Wants It Right Now.
End of financial year is fast approaching and excess stock is an issue for all retailers who are similarly looking to reduce their overheads, free up storage and remarket or liquidate surplus inventory in efforts to optimise their financials. It is critical to success of this process that retailers understand the true value of excess merchandise and implement an effective process to maximise recovery value while too, kick starting their next sales cycle.
How to recover excess inventory revenues while protecting the brand
In today’s fast moving marketplace consumers are more demanding, product life cycles are shortening, globalisation is increasing, and retailers are forced to realise revenue growth through solid remarketing strategies.
What do our clients want? It’s the question nearly all of us should be asking ourselves on a daily basis. With media budgets constantly shrinking, marketers continue to tirelessly chase an ROI on their media spend while countless leading brands battle for increased sales.
Never has a business complained of too much cash and too little costs.
More frequently businesses are attracted to corporate trade to help them with growing costs and pressures on inventory sales. Corporate trade allows companies to extract more value from excess, slow moving or even first line inventory.